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BP Weighs North Sea Exit Under New CEO
BusinessYahoozerohedge1mo ago2 sources

BP Weighs North Sea Exit Under New CEO

BP Weighs North Sea Exit Under New CEO Authored by Michael Kern via OilPrice.com, BP has started to simplify its portfolio and cut costs, and will make fewer but better choices in which projects to invest, chief executive Meg O’Neill said on Thursday. “We are taking concrete action to grow long-term value for shareholders: simplifying our portfolio, reducing costs, maintaining tight discipline on capex and strengthening the balance sheet,” O’Neill, the first female CEO of a B...

BusinessFT2mo ago

Meg O’Neill Navigates BP Through Crisis

Meg O’Neill, described as a no-nonsense CEO, is steering BP through a crisis marked by a 'bullying' scandal that led to the removal of chairman Albert Manifold, coinciding with the company's attempted turnaround.

BP’s new boss will earn at least £11.7m this year, more than double her predecessor
BusinessThe Guardian5mo ago

BP’s new boss will earn at least £11.7m this year, more than double her predecessor

Meg O’Neill will be first woman to serve as CEO of 117-year-oil firm when joining from Woodside Energy in April The incoming chief executive of BP will take home at least £11.7m this year after joining the embattled oil company from a rival, more than double the pay packet earned by her predecessor. Meg O’Neill will join BP from the Australian oil company Woodside Energy in April as the company’s first external hire to its top job, and the first woman to serve as chief executive at the 117-ye...